XRP price is sitting close to support at the 78.6% Fibonacci retracement level at $0.6886. The altcoin’s price is $0.6981, trading in a range between $0.6886 and $0.7440. Technical indicators suggest upside, the altcoin could wipe out losses with positive momentum. 
The bars on the Moving Average Convergence/ Divergence (MACD) indicator and the Awesome Oscillator (AO) are flashing green, suggesting that bulls are gaining ground. The altcoin’s uptrend is intact and if bulls have their way, XRP price could make a comeback to the 2024 high of $0.7440 and target the November 2023 peak of $0.75 next.
In a dire case scenario, XRP price could sweep support at the key Fibonacci retracement level of 61.8% at $0.6452. A daily candlestick close below this level could result in a decline to the Fibonacci retracement of 50% at $0.6147, before the altcoin begins its recovery.
#xrp #HotTrends #HotTrendsChallenge

Are you a beginner looking to dive into the exciting world of crypto trading, even with a modest budget of $100? Look no further!
This step-by-step guide will walk you through the process of getting started in crypto trading, with a particular focus on crypto trading in India. Let’s embark on this thrilling journey together:
1. Educate Yourself:
– Familiarize yourself with the basics of crypto trading for beginners. Understand key concepts like blockchain, cryptos, and how trading works.
– Explore crypto trading strategies for beginners to gain insights into different approaches and techniques.
2. Choose a Reliable Crypto Exchange:
– Select a reputable crypto exchange that caters to users in India, ensuring it supports fiat-to-crypto trading pairs.
– Look for exchanges that have user-friendly interfaces, robust security measures, and a variety of available cryptos.
3. Complete the Verification Process:
– Sign up for an account on the chosen exchange and go through the verification process, providing the necessary documents and information.
4. Deposit Funds:
– Deposit your initial investment of $100 into your exchange account. Choose from various deposit methods available, such as bank transfers or debit/credit cards.
5. Research and Select Cryptos:
– Research different cryptos available on the exchange and analyze their performance, market trends, and potential for growth.
– Consider diversifying your portfolio by investing in a mix of established cryptos like Bitcoin and Ethereum, as well as promising altcoins.
6. Start Crypto Trading:
– Decide on a trading strategy that aligns with your goals and risk tolerance. Whether you choose day trading, swing trading, or any other approach, stick to your plan.
– Execute your trades, buying and selling cryptos based on your strategy and market analysis.
7. Monitor and Manage Your Trades:
– Regularly track the performance of your trades and stay updated with market news and events that may impact the crypto markets.
– Set stop-loss orders to limit potential losses and take-profit levels to secure profits.
– Keep a journal to track your trades, and improve upon the ones that went bad to improve your profit potential in the future!
Remember, starting with $100 in crypto trading is just the beginning. As you gain experience and potentially generate profits, you can gradually increase your investment. Stay disciplined, continuously learn, and adapt your strategies based on market conditions.
$BTC $ETH $BNB
#100to1000Challenge #100TO1000USDT #100%WorkingTrick #HotTrends #HotTrendsChallenge

Bitcoin Halving: What Is It?

When the reward for mining Bitcoin transactions is reduced by half, this is known as a Bitcoin halving event. This critical point influences the rate of coin creation, which in turn affects the quantity that is available. The salient points are as follows:

Mining Reward Reduction: In the past, miners who successfully mined a block of bitcoins would receive a set amount of bitcoins as payment. This reward has been 6.25 BTC every block since 20201. This reward, however, is halved during a halving event, creating a new block reward. If you hold Bitcoin at any of the exchanges like Binance, as the Halving approaches you get to gain from price increases and BTC appreciation. Register for an account here and start Crypto investing.

Scheduled Occurrence:

The halving of Bitcoin takes place about every four years. The most recent halving, which took place on May 11, 2020, produced a 6.25 BTC block reward. Early to mid-2024 is when the next halving is anticipated to occur, lowering the block.

Why does it matter?
Scarcity and Value:
Bitcoin halving plays a crucial role in maintaining scarcity. As the reward decreases, the rate of new Bitcoin issuance slows down. This scarcity is essential for maintaining the value of existing Bitcoin.
Inflation Control: By limiting the rate of new Bitcoin creation, halvings act as a built-in mechanism to counteract inflation. Unlike fiat currencies, where central banks can print more money, Bitcoin adheres to a fixed supply schedule.
Market Anticipation: The crypto community eagerly awaits each halving. It becomes a topic of discussion, speculation, and analysis. Traders and investors closely monitor its impact on prices.
Long-Term Vision: The final halving is projected to occur around 2140, by which time the total number of bitcoins in circulation will reach the theoretical maximum supply of 21 million.

In summary, Bitcoin halving events are not only technical adjustments but also symbolic milestones. They underscore Bitcoin’s unique properties and its role in shaping the future of decentralized finance (DeFi). Keep an eye on the next halving—it’s bound to make waves! 🌊
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